{ "ticker": { "uuid": "7ac4a5fb-1425-4392-a913-5d4683e5ee23", "symbol": "600650", "name": "Shanghai Jin Jiang Online Network Service Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -46.185, "architecture_energy": 38.401, "architecture_maturity": 100.0, "architecture_confidence": 84.587, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 24.84, "rotation_up": 27.08, "upward_expansion": 17.9, "deceleration": 47.0, "rotation_down": 37.26, "downward_expansion": 65.57 }, "activity_lines": [ 10.254997, 10.126483, 10.734235, 11.489015 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 10.71, "trend_reference": 12.675976, "distance_from_trend": -0.155095, "trend_direction": "Weakening", "fair_value": 12.41659, "distance_from_fair_value": -0.137444, "fair_value_direction": "Weakening", "relative_strength": -23.102564, "relative_strength_direction": "Improving", "price_momentum": -0.316528, "excess_performance": -0.273325, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.155095, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.11639, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.137444, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.173519, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.231026, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.008095, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.316528, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.079621, "read": "Demand-led" } ], "volume": { "latest": 50435536, "relative_activity": 2.648224, "balance": 1.079621, "dry_up": 1.520741, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.093733, "annualized_volatility": 0.290867, "from_high_reference": -0.406648, "from_low_reference": 0.13846 }, "levels": { "trend_reference": 12.675976, "fair_value_reference": 12.41659, "structural_low": 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11.360102, 12.242994 ] }, { "date": "2026-07-17", "close": 9.981186, "volume": 22749189, "typical_volume": 17148104.95, "trend": 13.213976, "fair_value": 12.399523, "relative_strength": -27.676159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.687559, "energy": 65.102689, "activity_lines": [ 9.916536, 10.246262, 11.148891, 12.024215 ] }, { "date": "2026-07-24", "close": 9.7, "volume": 24681563, "typical_volume": 17262907.1, "trend": 13.005976, "fair_value": 12.401829, "relative_strength": -29.716755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.724055, "energy": 64.074835, "activity_lines": [ 9.845251, 10.059002, 10.936418, 11.797507 ] }, { "date": "2026-07-31", "close": 10.34, "volume": 17984023, "typical_volume": 17324267.45, "trend": 12.825642, "fair_value": 12.408546, "relative_strength": -24.423618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.233389, "energy": 54.49497, "activity_lines": [ 10.011299, 10.035743, 10.807803, 11.625508 ] }, { "date": "2026-08-07", "close": 10.71, "volume": 50435536, "typical_volume": 19045044.6, "trend": 12.675976, "fair_value": 12.41659, "relative_strength": -23.102564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.185451, "energy": 38.401303, "activity_lines": [ 10.254997, 10.126483, 10.734235, 11.489015 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }